Shopify annual return on equity
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Shopify Return on Equity (ROE) Growth & History (SHOP)
Shopify's return on equity was 9.84% for fiscal 2025.
View full Shopify company overviewShopify annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 9.84% | −9.74 pp |
| 2024 | 2024-12-31 | 19.58% | +18.05 pp |
| 2023 | 2023-12-31 | 1.53% | +37.25 pp |
| 2022 | 2022-12-31 | −35.72% | −68.97 pp |
| 2021 | 2021-12-31 | 33.25% | +26.46 pp |
| 2020 | 2020-12-31 | 6.79% | +11.68 pp |
| 2019 | 2019-12-31 | −4.89% | −0.71 pp |
| 2018 | 2018-12-31 | −4.18% | +1.49 pp |
| 2017 | 2017-12-31 | −5.67% | +6.01 pp |
| 2016 | 2016-12-31 | −11.67% | +2.61 pp |
| 2015 | 2015-12-31 | −14.29% | +14.86 pp |
| 2014 | 2014-12-31 | −29.14% | — |
Shopify quarterly return on equity
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 11.93% | +4.11 pp |
| Q1 2026 | 2026-03-31 | −4.47% | +1.56 pp |
| Q4 2025 | 2025-12-31 | 5.72% | −6.82 pp |
| Q3 2025 | 2025-09-30 | 2.14% | — |
| Q2 2025 | 2025-06-30 | 7.82% | — |
| Q1 2025 | 2025-03-31 | −6.03% | — |
| Q4 2024 | 2024-12-31 | 12.54% | — |
Shopify return on equity trends
Over the last five fiscal years, Shopify's return on equity increased from 6.79% to 9.84%, a change of +3.05 percentage points. The latest reported quarter, Q2 2026, shows 11.93%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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